[{"bbox": [142, 153, 1134, 206], "category": "Text", "text": "reforms to get more traction in these two technical areas: the Mother and Child Benefit Programme (MCBP), and social security for workers, to drive reforms with equal intensity across all results."}, {"bbox": [129, 220, 617, 247], "category": "Section-header", "text": "### 4.3.2 Criteria for Disbursement of Budget Support"}, {"bbox": [142, 263, 273, 286], "category": "Section-header", "text": "#### a) Conditions."}, {"bbox": [142, 289, 786, 315], "category": "Text", "text": "The general conditions for disbursement of all tranches are as follows:"}, {"bbox": [214, 316, 1134, 369], "category": "List-item", "text": "- Satisfactory progress in the implementation of the National Social Security Strategy (NSSS) and its Action Plans and continued credibility and relevance thereof or of the subsequent policy."}, {"bbox": [214, 369, 1134, 422], "category": "List-item", "text": "- Maintenance of a credible and relevant stability-oriented macroeconomic policy or progress made towards restoring key balances."}, {"bbox": [214, 422, 1134, 502], "category": "List-item", "text": "- Satisfactory progress in the implementation of reforms to improve public financial management, including domestic revenue mobilisation, and continued relevance and credibility of the reform programme."}, {"bbox": [214, 503, 1134, 556], "category": "List-item", "text": "- Satisfactory progress with regard to the public availability of accessible, timely, comprehensive, and sound budgetary information."}, {"bbox": [142, 582, 1129, 636], "category": "Section-header", "text": "#### b) The performance indicators for disbursement to be used for variable tranches may focus on the following policy priorities:"}, {"bbox": [180, 661, 1011, 688], "category": "List-item", "text": "- Improvement of the governance and digital institutions of the social protection system."}, {"bbox": [180, 688, 1134, 741], "category": "List-item", "text": "- Enhanced effectiveness of the Mother and Child Benefit Programme (MCBP) through interoperability and inclusion of shock-responsive elements."}, {"bbox": [180, 741, 1134, 795], "category": "List-item", "text": "- Strengthening of appropriate and permanent social protection mechanisms for workers in the RMG/export-oriented sector."}, {"bbox": [142, 821, 303, 845], "category": "Section-header", "text": "#### c) Modifications."}, {"bbox": [142, 847, 1134, 980], "category": "Text", "text": "The chosen performance indicators and targets to be used for the disbursement of variable tranches will apply for the duration of the action. However, in duly justified cases, the partner country and the Commission may agree on changes to indicators or on upward/downward revisions of targets. Such changes shall be authorised in writing ex-ante, at the latest at the beginning of the period under review applicable to the indicators and targets."}, {"bbox": [142, 1005, 1134, 1219], "category": "Text", "text": "In exceptional and/or duly justified cases, for instance where unexpected events, external shocks or changing circumstances have made the indicator or the target irrelevant and could not be anticipated, a variable tranche indicator may be waived. In these cases, the related amount could either be reallocated to the other indicators of the variable tranche the same year or be transferred to the next variable tranche the following year (in accordance with the original weighting of the indicators). It could also be decided to re-assess an indicator the following year against the original target, if there was a positive trend and the authorities did not reach the target because of factors beyond their control. The use of this provision shall be requested by the partner country and approved in writing by the Commission."}, {"bbox": [142, 1244, 353, 1269], "category": "Section-header", "text": "#### d) Fundamental values"}, {"bbox": [142, 1271, 1134, 1324], "category": "Text", "text": "In case of a significant deterioration of fundamental values, budget support disbursements may be suspended, reduced or cancelled, in accordance with the relevant provisions of the financing agreement."}, {"bbox": [129, 1337, 423, 1364], "category": "Section-header", "text": "### 4.3.3 Budget Support Details"}, {"bbox": [1028, 1682, 1144, 1706], "category": "Page-footer", "text": "Page 27 of 32"}]